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Economics – Class 12 – Balance of Payment $2.99   Add to cart

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Economics – Class 12 – Balance of Payment

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Economics – Class 12 – Balance of Payment – 2023-24 – Macro Economics – Balance of Trade, Types of balance of Trade, Current Account in Balance of Payment, Components, Export & Import of Goods, Export & Import of Services, Unilateral Transfers, Net Value, Capital Account in Balance of Pay...

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  • September 11, 2024
  • 17
  • 2024/2025
  • Class notes
  • Kbzone
  • 8 to 12
  • Secondary school
  • 5
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ECONOMICS
XII-(2023-24)




P

,Balance of Trade:
It is the difference between the valu
goods exported and value of goods
imported.
BOT = Export value – Import value
[Only Tangible/ Visible goods]
It is a Narrow concept as Compared
Balance of payments.

, It is a statement that records all
economic transactions of a country
with rest of the world.




Visible items: It includes all types of phy
exported & imported. These are seen cro
borders. e.g. Machines and many other t

goods.

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